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707 Ridgeview Dr - Units 707 , 711-713, 715 1,584 - 4,846 SF Office Condo Units Offered at $279,184 - $663,062 CAD Per Unit in McHenry, IL 60050
EXECUTIVE SUMMARY
UNIT 707: 2,635 SF professional office condo in the Capital Court Commons. 6 private offices, large conference room, break room/kitchenette, reception, walk through storage, utility room and two bathrooms. Lots of natural light. Common parking in front and rear of building. Located near Northwestern Medicine McHenry Hospital. LEASE: $15/psf Modified Gross. Owner pays taxes and tenant responsible for utilities and association dues. Adjacent condo also available for sale or lease. Unit 711 / 713: 4,846 SF beautifully built out office condo with high end finishes and ceiling fans throughout. The 3,168 SF main level includes 4 private offices, conference room (or 5th office), full kitchen, 3 bathrooms (1 w/shower), large utility/storage room and large open clerical. Lots of natural light. The lower ±1,678 SF level consists of a large 31’ x 25’ conference room, kitchenette, bathroom, utility room, and a 16’ x 20’ storage room or possible office. LEASE: $15/psf Modified Gross. Owner pays taxes and tenant responsible for utilities and association dues. UNIT 715: Fully leased 1,584 SF professional office condo with 208 SF of additional storage in the Capital Court Commons. Beautifully buildout with 2 private offices, large conference room (could be 3rd office), open reception / clerical area, file room, kitchenette and private bathroom. Lots of natural light. Existing tenant (One Hope United) has a lease signed through May of 2029 with annual escalations and an option to renew. (ask broker for financials and rent roll). NOI is $19,365 with a 9.7% CAP.
PROPERTY FACTS
| Total Building Size | 47,106 SF | Typical Floor Size | 23,553 SF |
| Property Type | Flex | Year Built | 2003 |
| Building Class | B | Lot Size | 3.52 AC |
| Floors | 2 | Parking Ratio | 3.12/1,000 SF |
| Zoning | BP, McHenry | ||
| Total Building Size | 47,106 SF |
| Property Type | Flex |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 23,553 SF |
| Year Built | 2003 |
| Lot Size | 3.52 AC |
| Parking Ratio | 3.12/1,000 SF |
| Zoning | BP, McHenry |
UTILITIES
- Water - City
- Sewer - City
- Heating - Gas
3 UNITS AVAILABLE
Unit 707
| Unit Size | 2,635 SF | Sale Type | Owner User |
| Price | $335,021 CAD | No. Parking Spaces | 20 |
| Price Per SF | $127.14 CAD | APN/Parcel ID | 04-03-380-014 |
| Condo Use | Office |
| Unit Size | 2,635 SF |
| Price | $335,021 CAD |
| Price Per SF | $127.14 CAD |
| Condo Use | Office |
| Sale Type | Owner User |
| No. Parking Spaces | 20 |
| APN/Parcel ID | 04-03-380-014 |
DESCRIPTION
Office Condo
For Sale or Lease
UNIT 707: 2,635 SF professional office condo in the Capital Court Commons.
6 private offices, large conference room, break room/kitchenette, reception, walk through storage, utility room and two bathrooms. Lots of natural light.
Common parking in front and rear of building. Located near Northwestern Medicine McHenry Hospital.
LEASE: $15/psf Modified Gross. Owner pays taxes and tenant responsible for utilities and association dues.
Adjacent condo also available for sale or lease.
SALE NOTES
Office Condo
For Sale or Lease
UNIT 707: 2,635 SF professional office condo in the Capital Court Commons.
6 private offices, large conference room, break room/kitchenette, reception, walk through storage, utility room and two bathrooms. Lots of natural light.
Common parking in front and rear of building. Located near Northwestern Medicine McHenry Hospital.
LEASE: $15/psf Modified Gross. Owner pays taxes and tenant responsible for utilities and association dues.
Adjacent condo also available for sale or lease.
Unit 711/713
| Unit Size | 4,846 SF | Sale Type | Owner User |
| Price | $663,062 CAD | No. Parking Spaces | 10 |
| Price Per SF | $136.83 CAD | APN/Parcel ID | 14-03-380-014 |
| Condo Use | Office |
| Unit Size | 4,846 SF |
| Price | $663,062 CAD |
| Price Per SF | $136.83 CAD |
| Condo Use | Office |
| Sale Type | Owner User |
| No. Parking Spaces | 10 |
| APN/Parcel ID | 14-03-380-014 |
DESCRIPTION
Upscale Office Condo
4,846 SF 2-Story
For Sale or Lease
Unit 711 / 713: 4,846 SF beautifully built out office condo with high end finishes and ceiling fans throughout. The 3,168 SF main level includes 4 private offices, conference room (or 5th office), full kitchen, 3 bathrooms (1 w/shower), large utility/storage room and large open clerical. Lots of natural light.
The lower ±1,678 SF level consists of a large 31’ x 25’ conference room, kitchenette, bathroom, utility room, and a 16’ x 20’ storage room or possible office.
Common parking in front and rear of building. Located near Northwestern Medicine McHenry Hospital.
LEASE: $15/psf Modified Gross. Owner pays taxes and tenant responsible for utilities and association dues.
Adjacent condo also available for sale or lease.
SALE NOTES
Upscale Office Condo
4,846 SF 2-Story
For Sale or Lease
Unit 711 / 713: 4,846 SF beautifully built out office condo with high end finishes and ceiling fans throughout. The 3,168 SF main level includes 4 private offices, conference room (or 5th office), full kitchen, 3 bathrooms (1 w/shower), large utility/storage room and large open clerical. Lots of natural light.
The lower ±1,678 SF level consists of a large 31’ x 25’ conference room, kitchenette, bathroom, utility room, and a 16’ x 20’ storage room or possible office.
Common parking in front and rear of building. Located near Northwestern Medicine McHenry Hospital.
LEASE: $15/psf Modified Gross. Owner pays taxes and tenant responsible for utilities and association dues.
Adjacent condo also available for sale or lease.
Unit 715
| Unit Size | 1,584 SF | Sale Type | Investment |
| Price | $279,184 CAD | Cap Rate | 9.70% |
| Price Per SF | $176.25 CAD | NOI | $27,080.85 CAD |
| Condo Use | Office | APN/Parcel ID | 14-03-380-015 |
| Unit Size | 1,584 SF |
| Price | $279,184 CAD |
| Price Per SF | $176.25 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| NOI | $27,080.85 CAD |
| APN/Parcel ID | 14-03-380-015 |
DESCRIPTION
UNIT 715: Fully leased 1,584 SF professional office condo with 208 SF of additional storage in the Capital Court Commons.
Beautifully buildout with 2 private offices, large conference room (could be 3rd office), open reception / clerical area, file room, kitchenette and private bathroom. Lots of natural light.
Existing tenant (One Hope United) has a lease signed through May of 2029 with annual escalations and an option to renew. (ask broker for financials and rent roll). NOI is $19,365 with a 9.7% CAP.
Common parking in front and rear of building. Located near Northwestern Medicine McHenry Hospital.
Adjacent condo also available for sale. Note: Photos taken prior to Tenant occupancy.
SALE NOTES
UNIT 715: Fully leased 1,584 SF professional office condo with 208 SF of additional storage in the Capital Court Commons.
Beautifully buildout with 2 private offices, large conference room (could be 3rd office), open reception / clerical area, file room, kitchenette and private bathroom. Lots of natural light.
Existing tenant (One Hope United) has a lease signed through May of 2029 with annual escalations and an option to renew. (ask broker for financials and rent roll). NOI is $19,365 with a 9.7% CAP.
Common parking in front and rear of building. Located near Northwestern Medicine McHenry Hospital.
Adjacent condo also available for sale. Note: Photos taken prior to Tenant occupancy.
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707 Ridgeview Dr - Units 707 , 711-713, 715
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